Bearish flow noted in Coherent (COHR) with 2,469 puts trading, or 1.3x expected. Most active are 3/28 weekly 60 puts and 3/28 weekly 52 puts, with total volume in those strikes near 1,000 contracts. The Put/Call Ratio is 1.63, while ATM IV is up over 3 points on the day. Earnings are expected on May 6th.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on COHR:
- Coherent announces release of AIM family of single mode fiber lasers
- Trump Wants to End CHIPS Act: TSM and INTC Could Be Biggest Losers
- EV Chip Parts Supplier Morgan Advanced Materials Stock Hammered 20% on Tariff Worries
- ‘The Party Isn’t Over’: Top Analyst Selects 2 Top Optical Transceiver Stocks to Buy
- Coherent Corp. Earnings Call Highlights Growth and Challenges